UBS Oconnor LLC Acquires Shares of 14,640 Yum China Holdings Inc (YUMC)
UBS Oconnor LLC acquired a new position in shares of Yum China Holdings Inc (NASDAQ:YUMC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,640 shares of the company’s stock, valued at approximately $577,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Yum China Holdings by 15.0% in the 2nd quarter. HighTower Advisors LLC now owns 53,828 shares of the company’s stock worth $2,127,000 after acquiring an additional 7,024 shares during the last quarter. People s United Financial Inc. increased its position in Yum China Holdings by 214.1% during the second quarter. People s United Financial Inc. now owns 43,937 shares of the company’s stock worth $1,732,000 after purchasing an additional 29,949 shares during the last quarter. Balyasny Asset Management LLC increased its position in Yum China Holdings by 50.5% during the second quarter. Balyasny Asset Management LLC now owns 920,001 shares of the company’s stock worth $36,276,000 after purchasing an additional 308,656 shares during the last quarter. Hall Capital Management Co. Inc. increased its position in Yum China Holdings by 1.2% during the second quarter. Hall Capital Management Co. Inc. now owns 10,126 shares of the company’s stock worth $399,000 after purchasing an additional 118 shares during the last quarter. Finally, QS Investors LLC increased its position in Yum China Holdings by 1.4% during the second quarter. QS Investors LLC now owns 15,270 shares of the company’s stock worth $602,000 after purchasing an additional 204 shares during the last quarter.
In other news, insider Mark Chu sold 22,184 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $37.72, for a total value of $836,780.48. Following the transaction, the insider now directly owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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Yum China Holdings Inc (YUMC) traded up 0.72% on Tuesday, hitting $40.68. The stock had a trading volume of 143,484 shares. The firm has a market cap of $15.59 billion and a price-to-earnings ratio of 29.91. The company’s 50-day moving average price is $38.60 and its 200 day moving average price is $38.60. Yum China Holdings Inc has a one year low of $23.79 and a one year high of $40.98.
Yum China Holdings (NASDAQ:YUMC) last posted its quarterly earnings results on Wednesday, July 5th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.60 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The business’s revenue for the quarter was up .4% on a year-over-year basis. Analysts expect that Yum China Holdings Inc will post $1.46 earnings per share for the current year.
YUMC has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $43.00 target price on shares of Yum China Holdings in a report on Friday. Zacks Investment Research lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.90 price target (up previously from $33.10) on shares of Yum China Holdings in a research report on Thursday, July 6th. Bank of America Corporation reiterated a “neutral” rating and issued a $41.60 price objective on shares of Yum China Holdings in a report on Sunday, July 30th. Finally, Morgan Stanley increased their price objective on Yum China Holdings from $35.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, June 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.68.
Yum China Holdings Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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